PSX · TEXTILE COMPOSITE · 30 Min
KTML Inverse Head & Shoulders forming
Kohinoor Textile Mills Limited · 04 Nov 2026 · 09:30 PKT
▲ Bullish Forming Chart pattern Against the trend
Trade plan
- Close
- 39.55
- ▲ 1.41%
- Target
- 42.75
- +8.1%
- Invalidation
- —
- ATR
- 0.44
- Target
- Invalidation
- Pattern lines
- Fair value gap (bull / bear)
- Order block
- Strong / weak high and low
- BOS · CHoCHstructure breaks
SMC Structure · Order Blocks · FVG · Pattern Detector 30 Min candles · click to enlarge
The breakdown
KTML has completed an inverse head & shoulders on the 30-minute chart with the head at 37.26 and the neckline at 39.98.
The pattern is confirmed by a 30-minute close above 40.07. The measured move from the neckline points to 42.75 (+6.9%). A close beyond the head at 37.26 cancels it.
Structure: bearish external, bullish internal (strong high 44.14). Nearest supply OB 45.29 - 45.51.
How to read this signal
- 1 The breakout was confirmed by the 30 min candle closing above the pattern at 39.55.
- 2 The target, 42.75 (+8.1%), is the pattern's height projected from the breakout.
- 3 Trend context: against the trend.
Pattern guide
About the inverse head and shoulders
An inverse head and shoulders is a bottoming pattern: three troughs with the middle one lowest, whose neckline break often starts an uptrend.
- Confirmation
- A close above the neckline.
- Target
- The depth from the head to the neckline, projected up from the break.
- Fails if
- A close back below the right shoulder or the neckline.